Form 8.3 - LAIRD PLC

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

LAIRD PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

01 March 2018

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more
than one class of relevant securities of the offeror or offeree named in
1(c), copy table 2(a) or (b) (as appropriate) for each additional class
of relevant security.

(a) Interests and short positions in the relevant securities of the
offeror or offeree to which the disclosure relates following the dealing
(if any)

Class of relevant security:

28.125p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

5,651,074

1.16%

902,205

0.18%

(2)

Cash-settled derivatives:

90,585

0.02%

3,191,768

0.65%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

(4)

TOTAL:

5,741,659

1.17%

4,093,973

0.84%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including
traded options), or agreements to purchase or sell relevant securities,
should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and
other employee options)

Class of relevant security in relation to which subscription right
exists:

Details, including nature of the rights concerned and relevant
percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table 3(a),
(b), (c) or (d) (as appropriate) for each additional class of relevant
security dealt in.

The currency of all prices and other monetary amounts should be
stated.

(a) Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

28.125p ordinary

Purchase

95

2.0227 GBP

28.125p ordinary

Purchase

1,000

2.0250 GBP

28.125p ordinary

Purchase

1,083

2.0080 GBP

28.125p ordinary

Purchase

3,588

2.0258 GBP

28.125p ordinary

Purchase

5,824

2.0186 GBP

28.125p ordinary

Purchase

10,859

2.0098 GBP

28.125p ordinary

Purchase

15,803

2.0220 GBP

28.125p ordinary

Purchase

17,856

2.0195 GBP

28.125p ordinary

Purchase

20,000

2.0100 GBP

28.125p ordinary

Purchase

24,577

1.9943 GBP

28.125p ordinary

Purchase

51,341

2.0201 GBP

28.125p ordinary

Purchase

62,076

2.0119 GBP

28.125p ordinary

Purchase

74,010

2.0192 GBP

28.125p ordinary

Purchase

92,931

2.0133 GBP

28.125p ordinary

Purchase

94,075

2.0107 GBP

28.125p ordinary

Purchase

114,275

2.0200 GBP

28.125p ordinary

Purchase

127,709

2.0118 GBP

28.125p ordinary

Purchase

147,977

2.0164 GBP

28.125p ordinary

Purchase

629,917

2.0152 GBP

28.125p ordinary

Sale

311

2.0081 GBP

28.125p ordinary

Sale

772

2.0082 GBP

28.125p ordinary

Sale

1,000

2.0250 GBP

28.125p ordinary

Sale

1,083

1.9840 GBP

28.125p ordinary

Sale

2,081

1.9950 GBP

28.125p ordinary

Sale

2,506

2.0205 GBP

28.125p ordinary

Sale

9,094

2.0245 GBP

28.125p ordinary

Sale

15,096

2.0232 GBP

28.125p ordinary

Sale

18,038

1.9946 GBP

28.125p ordinary

Sale

25,311

2.0219 GBP

28.125p ordinary

Sale

28,868

2.0080 GBP

28.125p ordinary

Sale

40,938

2.0150 GBP

28.125p ordinary

Sale

64,722

2.0094 GBP

28.125p ordinary

Sale

71,929

2.0200 GBP

28.125p ordinary

Sale

76,780

2.0140 GBP

28.125p ordinary

Sale

221,184

2.0143 GBP

28.125p ordinary

Sale

229,959

2.0137 GBP

(b) Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

28.125p ordinary

CFD

Long

950

1.9899 GBP

28.125p ordinary

CFD

Long

1,000

1.9815 GBP

28.125p ordinary

CFD

Long

1,007

1.9928 GBP

28.125p ordinary

CFD

Long

1,038

1.9907 GBP

28.125p ordinary

CFD

Long

3,881

1.9908 GBP

28.125p ordinary

CFD

Long

3,996

1.9824 GBP

28.125p ordinary

CFD

Long

4,458

1.9816 GBP

28.125p ordinary

CFD

Long

4,474

1.9814 GBP

28.125p ordinary

CFD

Long

5,391

2.0028 GBP

28.125p ordinary

CFD

Long

9,094

2.0245 GBP

28.125p ordinary

CFD

Long

15,096

2.0232 GBP

28.125p ordinary

CFD

Long

25,311

2.0219 GBP

28.125p ordinary

CFD

Long

37,569

2.0198 GBP

28.125p ordinary

CFD

Long

40,938

2.0150 GBP

28.125p ordinary

SWAP

Long

52,343

2.0120 GBP

28.125p ordinary

SWAP

Long

182,615

2.0133 GBP

28.125p ordinary

CFD

Short

95

2.0227 GBP

28.125p ordinary

CFD

Short

3,588

2.0258 GBP

28.125p ordinary

SWAP

Short

5,600

2.0100 GBP

28.125p ordinary

CFD

Short

5,824

2.0186 GBP

28.125p ordinary

CFD

Short

10,859

2.0098 GBP

28.125p ordinary

CFD

Short

29,925

2.0122 GBP

28.125p ordinary

CFD

Short

51,341

2.0201 GBP

28.125p ordinary

SWAP

Short

114,275

2.0200 GBP

28.125p ordinary

CFD

Short

147,977

2.0164 GBP

28.125p ordinary

SWAP

Short

232,596

2.0126 GBP

ORD

SWAP

Short

610,878

2.0151 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities
which may be an inducement to deal or refrain from dealing entered
into by the person making the disclosure and any party to the offer
or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be
included. If there are no such agreements, arrangements or
understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or
derivatives

Details of any agreement, arrangement or understanding, formal or
informal, between the person making the disclosure and any other
person relating to:

(i) the voting rights of any relevant securities under any option;
or

(ii) the voting rights or future acquisition or disposal of any
relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or
understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

2 Mar 2018

Contact name:

Elise Tang

Telephone number:

0207 1163 001

Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in
relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.